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United States · Bill · HR

H.R. 4718 (113th)

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

openUnited States· United States Congress· EN

Introduced

22 May 2014

Last action

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Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Amends the Internal Revenue Code to: (1) make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property (i.e., property which has a recovery period of 20 years or less and is computer software, water utility property, or qualified leasehold or retail improvement property); (2) make permanent the election to increase the alternative minimum tax (AMT) credit limitation in lieu of bonus depreciation; and (3) allow an additional depreciation allowance for a tree or vine bearing fruits or nuts, in the taxable year in which the tree or vine is planted, or grafted to a plant, in the ordinary course of the taxpayer's farming business.

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Documents

11 official files

Placed on Calendar Senate (text)

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